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Janet Link, Senior Vice President, General Counsel & Secretary at Stanley Black & Decker, Inc. (NYSE:SWK), recently sold 1,990 shares of the company’s common stock. The shares were sold at an average price of $85.2412, resulting in a total transaction value of approximately $169,629. Following this sale, Link retains ownership of 9,862 shares in the company. According to InvestingPro analysis, Stanley Black & Decker appears slightly undervalued at current levels, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this prominent machinery sector player.
In other recent news, Stanley Black & Decker reported a decrease in revenue for Q3 2024 but emphasized gains in margins and cash flow. The company’s revenue dropped 5% to $3.8 billion, with a 2% decrease in organic revenue. However, it saw significant improvements in adjusted gross margin and EBITDA margin. This development comes alongside the company’s effective use of its $200 million free cash flow to reduce its debt by $100 million.
In other recent developments, Stanley Black & Decker received a stock rating upgrade from Mizuho (NYSE:MFG), moving from Neutral to Outperform. The upgrade is grounded in a positive outlook on the company’s potential performance, based on a blend of price-to-earnings and EBITDA valuations. Mizuho also highlighted the added benefit of a 4% dividend yield for Stanley Black & Decker’s investors, contributing to the stock’s appeal.
Furthermore, Stanley Black & Decker is currently trading at a significant discount compared to its peers, according to Mizuho. The company’s shares are valued at over 20% less than those in the Building Products/Tools sector and 40% less than the Electrical Equipment/Multi-Industry sector. This valuation places the company more than one standard deviation below the five-year average for its EBITDA multiple.
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